Business Context and Reporting Period
Company: Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (Pacific Airport Group)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Preliminary passenger traffic data for August 2026, compared to August 2025 and Year-to-Date (January–August) 2026 vs. 2025.
Operations: The company operates 12 airports in Mexico's Pacific region and two airports in Jamaica (Montego Bay and Kingston).
Key Financial and Operational Metrics
Note: This filing contains operational traffic data only. No revenue, profit, cash flow, margin, debt, or liquidity figures are provided.
August 2026 Traffic Performance (vs. August 2025)
- Total Terminal Passengers: 5,449.9 thousand (0.5% increase).
- Domestic Passengers: 3,401.5 thousand (3.8% increase).
- International Passengers: 2,048.4 thousand (4.5% decrease).
- Seats Available: Increased 1.5%.
- Load Factor: Decreased from 84.0% to 83.2%.
Year-to-Date (Jan–Aug) Traffic Performance (vs. Prior Year)
- Total Terminal Passengers: 41,710.8 thousand (3.9% decrease).
- Domestic Passengers: 24,157.4 thousand (0.4% decrease).
- International Passengers: 17,553.4 thousand (8.4% decrease).
Material Changes and Variance Analysis
Significant Increases
- Guadalajara: Total traffic up 10.5% in August; YTD up 4.8%.
- La Paz: Total traffic up 12.9% in August; YTD up 11.6%.
- Manzanillo: Total traffic up 12.5% in August.
- Aguascalientes: Domestic traffic up 18.3% in August.
Significant Decreases
- Montego Bay (Jamaica): Total traffic down 23.0% in August; YTD down 26.2%.
- Puerto Vallarta: Total traffic down 10.3% in August; YTD down 12.4%.
- Los Cabos: Total traffic down 6.2% in August; YTD down 5.5%.
- Mexicali: Total traffic down 11.4% in August; YTD down 11.7%.
- Tijuana: YTD total traffic down 4.4%, driven by a 5.3% decline in international passengers.
Outlook, Risks, and Management Commentary
Management Commentary: The filing highlights a divergence between domestic and international traffic trends. While domestic traffic showed growth in August, international traffic declined significantly, particularly in key tourist destinations (Puerto Vallarta, Los Cabos) and the Jamaican operations (Montego Bay).
Forward-Looking Statements: The document includes standard disclaimers that future results depend on economic conditions, industry trends, and operating factors. There is no guarantee that expected trends will occur.
Risks and Contingencies: No specific new risks or contingencies were detailed in this text beyond the standard forward-looking statement warnings regarding economic and market conditions.
Investor Verification Checklist
- Verify the reasons for the significant 26.2% YTD decline in Montego Bay traffic.
- Confirm the drivers behind the 12.4% YTD decline in Puerto Vallarta and 5.5% decline in Los Cabos.
- Assess the sustainability of the 10.5% August growth in Guadalajara.
- Review upcoming quarterly financial reports for the impact of the 8.4% YTD drop in international passengers on revenue and margins.
- Monitor the load factor trend, which declined to 83.2% despite a 1.5% increase in available seats.